Russian President Vladimir Putin said he’s ready to discuss crude oil prices and other energy issues at a face-to-face meeting with US leader Donald Trump.

Both Russia and the US are top global oil producers and consumers, Putin said in an interview with state-owned Rossiya 24 TV. Price movements in the commodity impacts both economies, he said.

“We have a lot to discuss here, and there are other energy issues that might be mutually interesting,” Putin said. “I doubt that Mr. Trump — even if we are hearing about the possibility of additional sanction on Russia — would make decisions that could hurt the US economy.” 

Putin’s comments follow Trump’s Thursday address to world leaders in Davos, when he urged Saudi Arabia and other members of the Organization of Petroleum Exporting Countries to “bring down the cost of oil.” 

“If the price came down, the Russia-Ukraine war would end immediately,” Trump added.

Earlier this week, Trump also stepped up pressure on Russia to make a peace deal with Ukraine “soon,” or else he would “have no other choice” but to impose additional taxes, tariffs and sanctions on Russian imports to the US, along with “other participating countries.” 

Earlier this month, the US imposed its harshest sanctions so far on Russia’s energy industry, the key source of the Kremlin’s revenue that funds the war in Ukraine. The restrictions could disrupt Russia’s exports of petroleum and reduce the global supply surplus.

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